DECEMBER 6, 2005 IMPROVEMENT AUTHORITY COMMISSION M I N U T E S DECEMBER 6, 2005 IMPROVEMENT AUTHORITY COMMISSION M I N U T E S
DECEMBER 6, 2005 IMPROVEMENT AUTHORITY COMMISSION M I N U T E S

M I N U T E S
REGULAR MEETING
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY COMMISSION
DECEMBER 6, 2005

The regular meeting was called to order at 11:24 P.M. by Chair Wolowicz at Fred Hesse Park, 29301 Hawthorne Boulevard.

PRESENT: Clark, Gardiner, Long, Stern, Chair Wolowicz
ABSENT: None
Also present were Chief Administrative Officer Les Evans; Commission Attorney Carol Lynch; and Commission Secretary Carolyn Petru.

APPROVAL OF AGENDA:

Commissioner Gardiner moved, seconded by Vice-Chair Long, to approve the Agenda as submitted. Without objection, Chair Wolowicz so ordered.

APPROVAL OF CONSENT CALENDAR:

Register of Demands

Staff report of December 6, 2005, recommends that the Improvement Authority ADOPT RESOLUTION NO. IA 2005-15, A RESOLUTION OF THE RANCHO PALOS VERDES IMPROVEMENT AUTHORITY ALLOWING CERTAIN CLAIMS AND DEMANDS AND SPECIFYING FUNDS FROM WHICH THE SAME ARE TO BE PAID.

Commissioner Gardiner moved, seconded by Vice-Chair Long, to approve the Consent Calendar as submitted. The motion carried as follows:

AYES: Clark, Gardiner, Long, Stern, Chair Wolowicz
NOES: None
ABSTAIN: None
ABSENT: None

REGULAR BUSINESS:

Revised Improvement Authority Investment Strategy (2200)

The staff report of December 6, 2005, recommends that the Improvement Authority approve and direct staff to implement the revised Improvement Authority investment strategy developed by Fieldman, Rolapp Financial Services, LLC.

Commissioner Stern moved, seconded by Vice-Chair Long, to approve staff recommendation. The motion carried as follows:

AYES: Clark, Gardiner, Long, Stern, Chair Wolowicz
NOES: None
ABSTAIN: None
ABSENT: None

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PUBLIC COMMENTS:

None.

ADJOURNMENT:

At 11:25 P.M., Commissioner Stern moved, seconded by Vice-Chair Long, to adjourn the meeting. Without objection, Chair Wolowicz so ordered.

/s/ Stefan Wolowicz
Chair

Attest:

__/s/ Carolynn Petru__
Commission Secretary